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News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units

New York Post·Alexandra Steigrad·25 days ago
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The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions. The New York-based media giant reported $121 million from continuing operations, or 16 cents a share, compared with income of $107 million, or 14 cents, the prior year. Adjusted earnings per share totaled 21 cents. Third-quarter revenue grew 9% to $2.19 billion, compared with $2.01 billion a year ago. That beat Wall Street expectations of 16 cents EPS on $2.11 billion revenue. News Corp reported better-than-expected quarterly earnings, driven by growth in its digital real estate, Dow Jones and book publishing divisions. Getty Images “News Corp has again delivered resounding results this quarter, and we remain on track for another year of record profitability given the strength seen thus far in the fourth quarter,” News Corp CEO Robert Thomson said in a statement.…

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